Thailand approves more energy support, wage hikes

Thailand approves more energy support, wage hikes

BANGKOK: Thailand’s cupboard on Tuesday (Sep 13) agreed to extend a diesel tax cut and power subsidies, as well as a minimum wage increase, to assist mitigate the effect of high energy prices and living costs with inflation hitting a 14-year higher, the government said.

The tax cut on diesel powered by 5 baht (US$0. 1379) per litre will be prolonged for two months to Nov 20, authorities spokesman Anucha Burapachaisri told a briefing.

The power subsidy worth 9. one billion baht will be offered until the end of 2022, he said, adding a 300 million baht cooking gas subsidy would be offered in between October and Dec.

The government also approved an increase in minimum wages through Oct 1, this individual told a briefing.

The income hike, by five per cent on average, was your first in more than two years.